$Amazon.com(AMZN)$ Generac is up more than 30% after hours after disclosing a long-term agreement to supply backup-power generators for Amazon data centers. Initial deliveries are expected to total roughly $2.4B during 2027-2028, while purchases under the agreement could ultimately reach $8B. The deal also includes warrants allowing an Amazon subsidiary to acquire up to roughly 1.69M $Generac(GNRC)$ shares. This looks like a material new AI/data-center infrastructure catalyst, and it further highlights how AI spending is expanding beyond chips into power generation.
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